XRP
May 12, 2026
XRP ETF Inflows Hit $1.35B as Senate Releases Latest CLARITY Act Draft
- JPMorgan filed for a new Ethereum-based tokenized Treasury fund designed to meet stablecoin reserve requirements under the GENIUS Act
- Charles Schwab launched spot Bitcoin and Ethereum trading for select retail clients with access to more than $11.7 trillion in client assets
- Tokenized real-world assets have grown past $30 billion as Wall Street firms continue expanding blockchain-based financial products
JPMorgan’s efforts are moving further into blockchain-based finance as the bank prepares a new tokenized Treasury fund on Ethereum. This is tied to stablecoin reserve requirements under the GENIUS Act. The filing comes as large financial firms continue building products directly on blockchain infrastructure. They are not limiting crypto exposure to ETFs and trading products. Amidst this, Charles Schwab’s crypto services have started rolling out spot Bitcoin (BTC) and Ether (ETH) trading.
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Why Wall Street Is Moving Deeper Into Blockchain-Based Finance
JPMorgan filed with the US Securities and Exchange Commission (SEC) this week to launch the JPMorgan OnChain Liquidity-Token Money Market Fund. This is also known as JLTXX. The fund will invest in short-term US Treasuries, cash, and overnight repo agreements backed by government securities.
According to the filing, the fund will run through Kinexys Digital Assets, JPMorgan’s blockchain division formerly known as Onyx. Approved investors will be able to process purchases, transfers, and redemptions on Ethereum.
The filing also noted that the tokenized Treasury fund is designed to comply with reserve asset requirements under the GENIUS Act. This could make the product useful for stablecoin issuers looking for regulated Treasury-backed reserve assets.
It should be noted that the filing follows JPMorgan’s earlier MONY launch on Ethereum in December. The bank has continued expanding blockchain-based settlement and tokenization services through Kinexys as interest in tokenized real-world assets grows.
Data from rwa.xyz shows the tokenized real-world asset market has grown beyond $30 billion. Treasury products remain one of the fastest-growing segments. Ethereum tokenization has also become increasingly common among large financial firms because of the network’s existing institutional infrastructure and adoption.
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Charles Schwab Expands Crypto Trading Access
Charles Schwab’s crypto services also expanded this week after the company opened direct Bitcoin and Ether trading to select retail users. Schwab previously only offered indirect exposure through crypto-related ETFs and derivatives.
The brokerage reported $11.77 trillion in client assets and 39.1 million active brokerage accounts at the end of March, according to company filings.
Recent moves from JPMorgan and Schwab suggest traditional financial firms are continuing to build around blockchain infrastructure and regulated digital asset products rather than treating crypto as a separate market.
